Business » Asia
Wednesday, 8 February 2012
TRADE between Asia and Iran is likely to slow as new US sanctions make payments more difficult, traders said yesterday, although the more determined can still find a route through Middle Eastern intermediaries.!On Sunday, US President Barack Obama...
IRANIAN buyers have defaulted on payment for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said yesterday, as trade between the two countries comes under mounting pressure from a new wave of Western sanctions...
CHINA'S top refineries will trim their crude oil processing in February to the lowest in four months after running hard in winter to meet a seasonal demand spike and ensure ample supplies during Chinese New Year holidays.!The cut will come as some...
Singapore posts record number of visitorsSINGAPORE: Singapore welcomed a record 13 million overseas visitors last year the majority arriving from Asia, official data showed yesterday. The 13.2 million arrivals translated into a 13 per cent rise on...
THAILAND'S government promised farmers a huge increase in the price of rice when it came to power last August but it is failing on all fronts: export prices have not held up, the state faces huge losses and many farmers have not benefited.!Despite...
INDIA'S cash-starved airlines will be allowed to import jet fuel directly under a plan approved by a government panel yesterday, a break that could help them cut fuel costs by up to 20 per cent but also require new spending.!Carriers led by...
SINGAPORE Airlines' new long-haul budget carrier Scoot said yesterday Australia's Gold Coast would be its second destination, having already announced routes to Sydney.Scoot will begin flying from mid-2012 with a fleet of four Boeing B777-200s...
TOYOTA yesterday said its nine-month net profit fell 57.5 per cent to ¥162 billion (US$2.12 billion) on year, blaming the continued impact of the March 11 disaster, Thai floods and a strong yen.The company said operating profit also slumped by...
Tuesday, 7 February 2012
Citi can issue credit cards in China SHANGHAI: The China unit of Citigroup Inc said yesterday it has received regulatory approval to issue credit cards in China becoming the first non-Asian bank to be allowed to run such business. Citi, which...
INDONESIA'S economy expanded 6.5 per cent in the fourth quarter from a year earlier, as surging domestic consumption and investment offset weakening exports growth, giving the central bank room to hold rates steady this week.!The rise in gross...
HOPES of India and the European Union striking a free trade deal at a summit this week are fading fast, with differences over duties on cars and market access for software and service companies standing in the way of an accord.!At stake is an...
THE year 2012 is expected to be an eventful period for the local automotive industry. The following are just a few questions to consider over the months to come.Industry players and analysts have forecast a modest growth for vehicle sales in...
JUST because foreign airlines may soon be allowed to invest in India's battered carriers doesn't mean they will.!New Delhi's expected move to allow global airlines to own up to 49 per cent in Indian carriers has been welcomed by investors as a...
AUSTRALIAN retail sales slipped unexpectedly in December as consumers spent less on food and eating out, a soft end to a subdued quarter for shops and another reason to expect a cut in interest rates this week.!Yesterday's data showed retail sales...
CHINA said yesterday it has banned its airlines from complying with an EU scheme to impose charges on carbon emissions opposed by more than two dozen countries including India, Russia and the United States.Beijing has said repeatedly that it opposes...
THE EU ambassador to China said yesterday the Asian powerhouse could become Europe's biggest export market this year, overtaking the United States, as Beijing boosts domestic demand.His comments come after Premier Wen Jiabao said China was...
ASIAN markets mostly rose yesterday, tracking gains on Wall Street after strong US jobs data but worries about Greece's unresolved debt crisis and default fears weighed on markets and the euro.Tokyo was up 1.10 per cent, or 97.27 points, at 8,929....
Monday, 6 February 2012
FOR years big-name manufacturers including Honda, Samsung and Nike have quietly harvested profits from factories in Indonesia, where wages are even lower than in China or India.Now, Indonesian workers are hitting back with a wave of industrial...
VIETNAM imported 3,000 complete built unit (CBU) automobiles worth US$45 million last month, a 49.8 per cent drop in volume and a 55.1 per cent fall in value from January 2011, according to the General Statistics Office (GSO).The number of imported...
IF YOU'RE thrust into an unfamiliar culture, as a manager, you have to modify your behavior to fit cultural norms. This can be tough, especially if it makes you feel inauthentic.If you face this discomfort, try these three things:1. Identify the...
